Active
1160 Elm Avenue
Glendale CA, 91201
$12,900,000
$474.88 per sqft
Active
27,165 sqft
Condo
Built in 1986
Listed by Levon Alexanian with Keller Williams World Media Center 818-239-3500
$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as "El Miradero" / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.
SR24017647
MLSⓇ ID
January 29, 2024
Listed
April 8, 2024
Updated
Map
1160 Elm Avenue
Glendale CA, 91201
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.6 Acres
Lot Features
31-35 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
626 - Glendale-Northwest
Days on Market
70
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Private
Pool
No
Pool Features
None
Zoning
GLR4*
Buyer Agency Compensation
1%
Listing History
Date | Event | Price |
|---|---|---|
4/8/2024 | Price Change | $12,900,000 -7% |
Listing Contact: 818-239-3500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/8/2024 at 7:19 PM UTC